SFC Energy : and Nel ASA enter into a joint development partnership for world’s first integrated electrolyzer and hydrogen fuel cell system for industrial markets - key product to replace diesel generators

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18 Aug 2021, Investors, News, Press Release

SFC Energy and Nel ASA enter into a joint development partnership for world's first integrated electrolyzer and hydrogen fuel cell system for industrial markets - key product to replace diesel generators

Brunnthal/Munich, Germany, August 18, 2021 - SFC Energy AG (F3C:DE, ISIN: DE0007568578), a leading supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power solutions, signs a joint development agreement with Nel ASA (Nel). The Norwegian company specialises in hydrogen production, storage systems and filling stations.

This is a joint undertaking of two market and technology leaders combining cutting edge, market proven technologies. SFC Energy brings more than 20 years of fuel cell expertise to the table. Nel as a long-time global leader in hydrogen is responsible for the electrolyzer and storage technology. Both partners combine their comprehensive know-how in the field of environmentally friendly hydrogen and fuel cell technology to meet the challenges of climate change with forward-looking energy supply solutions. The objective is to jointly develop and market the first integrated electrolyzer and hydrogen fuel cell system that has the potential to make a significant contribution to the race-to-zero and decarbonization of the global economy: from green on-site hydrogen production to emission-free provision of electricity by the hydrogen fuel cell. Both partners aim to introduce first products to the market during the second half of 2022. In a first step, SFC Energy and Nel address applications in a power range up to 50 kilowatts (kW). In the second step, the power range will be extended up to 500 kW. Today, the usual incumbent solution is a conventional diesel generator for remote, mobile and backup power supply. The hydrogen fuel cell in combination with an electrolyzer to produce green hydrogen is a highly efficient and environmentally friendly alternative. The system emits no carbon dioxide (CO2), nitrogen oxide (NOx), carbon monoxide (CO) or particulate matter. With this first integrated electrolyzer and hydrogen fuel cell system for industrial users, SFC Energy and Nel address a global, fast growing multi-billion Euro market. 'We have gained a visionary and innovative partner in Nel. Together with a true technology & market leader we are creating a new product category to replace diesel generators in a broad way with a 100% sustainable and emission free solution. Hereby we enter a fast growing multi-billion Euro market of industrial, critical and communication infrastructure as well as smart grid applications. This is also an important step in meeting the major challenges of climate change. The World Climate Report has clearly shown us that we must act now. Together with our partner Nel, we want to and will make an important contribution to achieving climate neutrality and a low carbon society,' says Dr. Peter Podesser, CEO of SFC Energy. 'We are very excited to join forces with SFC Energy to develop hydrogen and fuel cell solutions, which has the potential to make a significant contribution towards reducing emissions from industrial applications for distributed power generation. The integrated offering can replace diesel generators with high CO2-emissions, therefore making a significant contribution to the race-to-zero and decarbonization of the global economy. SFC Energy and Nel are both market leaders in their field, and it is great to accelerate this development based on already available and proven technology from both parties,' says Jon André Løkke, CEO of Nel ASA. For more information on SFC Energy's Clean Energy and Clean Power Management solutions, visit www.sfc.com.

Zu SFC Energy AG

Die SFC Energy AG (www.sfc.com) ist ein führender Anbieter von Wasserstoff- und Methanol-Brennstoffzellen für stationäre und mobile Hybrid-Stromversorgungslösungen. Mit den Geschäftsfeldern Clean Energy und Clean Power Management ist die SFC Energy AG ein nachhaltig profitabler Brennstoffzellenproduzent. Seine mehrfach ausgezeichneten Produkte vertreibt das Unternehmen weltweit und verkaufte bislang mehr als 50.000 Brennstoffzellen. Mit Hauptsitz in Brunnthal bei München, Deutschland, betreibt das Unternehmen Produktionsstandorte in den Niederlanden, Rumänien und Kanada. Die SFC Energy AG notiert im Prime Standard der Deutschen Börse (WKN: 756857 ISIN: DE0007568578).

SFC Pressekontakt

Jens Jüttner
Tel. [phone]
Email: [email protected]
Web: sfc.com

IR Kontakt

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Tel. [phone]
Email: [email protected]
Web: crossalliance.de